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Common Trends and Hysteresis in Unemployment

Jacobson, Tor; Vredin, Anders; Warne, Anders - Economics Institute for Research (SIR), … - 1994

. Our primary concerns are the sources of hysteresis in unemployment and possible differences between the economies. A … source of hysteresis in the Scandinavian labor markets is shocks to wage setting (or, equivalently, equilibrium unemployment …); (ii) transitory labor demand shocks, which are emphasized in the theoretical literature on hysteresis, do not seem to be …

Persistent link: https://www.econbiz.de/10005190870

An Econometric Model of Employment in Zimbabwe's Manufacturing Industries

Heshmati, Almas; Ncube, Mkhululi - Economics Institute for Research (SIR), … - 1998

This paper is concerned with the estimation of an employment relationship and employment efficiency under production risk using a panel of Zimbabwe's manufacturing industries. A flexible labour demand functions are used and consist of two parts: the traditional labour demand function and labour...

Persistent link: https://www.econbiz.de/10005649203

Modelling asymmetries and moving equilibria in unemployment rates

Skalin, Joakim; Teräsvirta, Timo - Economics Institute for Research (SIR), … - 1998

The paper discusses a simple univariate nonlinear parametric time-series model for unemployment rates, focusing on the asymmetry observed in many OECD unemployment rate series. The model is based on a standard logistic smooth transition autoregressive (LSTAR) model for the first difference of...

Persistent link: https://www.econbiz.de/10005190848

Why not use standard panel unit root test for testing PPP

Lyhagen, Johan - 2000

In this paper we show the consequences of applying a panel unit root test when testing for a purchasing power parity relationship. The distribution of the tests investigated, including the IPS test of Im et al (1997), are influenced by a common stochastic trend which is usually not accounted...

Persistent link: https://www.econbiz.de/10010281460

Using a trade-induced catch-up model to explain China's provincial economic growth 1978 - 97

Yao, Yudong; Lyhagen, Johan - 2001

This paper attempts to make an innovative contribution to the growth literature by proposing a trade-induced catch up model in which imitation benefit is explicitly modelled and trade knowledge spillover is considered. The resulting income dynamics is in the error correction form. The Pooled...

Persistent link: https://www.econbiz.de/10010281463

A Dynamic Conditionally Heteroscedastic Stochastic Frontier Model

Löthgren, Mickael - Economics Institute for Research (SIR), … - 1998

This paper presents a new dynamic ARCH-related conditionally heteroscedastic stochastic frontier model specification where firm and time-specific technical inefficiency is represented by an autoregressive stochastic process in the error components. Monte Carlo results reveal that a one-sided...

Persistent link: https://www.econbiz.de/10005423824

On stationarity and cointegration of international health expenditure and GDP

Gerdtham, Ulf-G.; Löthgren, Mickael - Economics Institute for Research (SIR), … - 1998

The recent findings by McCoskey and Selden (1997, Journal of Health Economics, forthcoming) that health expenditure and GDP are stationary are driven by the omission of time trends in their ADF regressions. Since both health expenditure and GDP are trending, this omission raise serious doubts on...

Persistent link: https://www.econbiz.de/10005423835

Why not use standard panel unit root test for testing PPP

Lyhagen, Johan - Economics Institute for Research (SIR), … - 2000

Persistent link: https://www.econbiz.de/10005423880

Using A Trade-induced Catch-up Model to Explain China's Provincial Economic Growth 1978-97

Yao, Yudong; Lyhagen, Johan - Economics Institute for Research (SIR), … - 2001

Persistent link: https://www.econbiz.de/10005649247

Likelihood-Based Cointegration Tests in Heterogeneous Panels

Larsson, Rolf; Lyhagen, Johan; Löthgren, Mickael - Economics Institute for Research (SIR), … - 1998

This paper presents a likelihood-based panel test of cointegrating rank in heterogeneous panel models based on the mean of the individual rank trace statistics. The existence of the first two moments of the asymptotic distribution of the individual trace statistic is established. Based on this,...

Persistent link: https://www.econbiz.de/10005649283